Occidental Petroleum Corporation $OXY Shares Acquired by Peterson Wealth Services

Peterson Wealth Services grew its stake in shares of Occidental Petroleum Corporation (NYSE:OXY) by 1,498.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,986 shares of the oil and gas producer’s stock after acquiring an additional 14,986 shares during the quarter. Peterson Wealth Services’ holdings in Occidental Petroleum were worth $755,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Moody National Bank Trust Division grew its holdings in shares of Occidental Petroleum by 1.5% during the third quarter. Moody National Bank Trust Division now owns 15,555 shares of the oil and gas producer’s stock valued at $735,000 after buying an additional 229 shares during the last quarter. Inspire Investing LLC lifted its position in Occidental Petroleum by 3.8% during the 2nd quarter. Inspire Investing LLC now owns 6,720 shares of the oil and gas producer’s stock worth $282,000 after acquiring an additional 247 shares during the period. Inscription Capital LLC grew its stake in Occidental Petroleum by 0.8% during the 3rd quarter. Inscription Capital LLC now owns 32,734 shares of the oil and gas producer’s stock valued at $1,547,000 after purchasing an additional 271 shares during the last quarter. Cigna Investments Inc. New increased its holdings in shares of Occidental Petroleum by 4.3% in the third quarter. Cigna Investments Inc. New now owns 6,809 shares of the oil and gas producer’s stock valued at $321,000 after purchasing an additional 280 shares during the period. Finally, Greenleaf Trust lifted its holdings in shares of Occidental Petroleum by 2.7% during the third quarter. Greenleaf Trust now owns 11,330 shares of the oil and gas producer’s stock worth $535,000 after purchasing an additional 296 shares during the period. 88.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director William R. Klesse acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, December 16th. The shares were acquired at an average cost of $38.98 per share, with a total value of $194,900.00. Following the completion of the acquisition, the director directly owned 218,913 shares in the company, valued at approximately $8,533,228.74. This trade represents a 2.34% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.49% of the company’s stock.

Occidental Petroleum Trading Down 3.5%

OXY stock opened at $43.79 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 0.94 and a debt-to-equity ratio of 0.73. Occidental Petroleum Corporation has a 52-week low of $34.78 and a 52-week high of $52.58. The company’s 50-day simple moving average is $42.02 and its 200-day simple moving average is $43.34. The firm has a market cap of $43.14 billion, a P/E ratio of 32.20 and a beta of 0.41.

Occidental Petroleum (NYSE:OXY) last issued its quarterly earnings results on Monday, November 10th. The oil and gas producer reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.16. The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.66 billion. Occidental Petroleum had a return on equity of 12.35% and a net margin of 7.81%.Occidental Petroleum’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 earnings per share. As a group, equities analysts forecast that Occidental Petroleum Corporation will post 3.58 EPS for the current fiscal year.

Occidental Petroleum Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 10th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Wednesday, December 10th. Occidental Petroleum’s payout ratio is presently 70.59%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OXY shares. UBS Group reduced their price target on shares of Occidental Petroleum from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, December 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Occidental Petroleum in a research note on Thursday, January 22nd. Bank of America boosted their target price on shares of Occidental Petroleum from $44.00 to $45.00 in a research report on Tuesday, January 27th. Mizuho increased their price target on Occidental Petroleum from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 11th. Finally, Barclays began coverage on Occidental Petroleum in a report on Wednesday, January 21st. They issued an “equal weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $47.48.

About Occidental Petroleum

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.